Four individual ETF providers brought a total of 13 funds to market this morning, with Deutsche Bank expanding its offering of currency-hedged ETFs, Direxion adding two more bull/bear pairs, newcomer O’Shares rolling out two more funds and Van Eck’s Market Vectors debuting its oil refiners ETF.
With currency-hedged, smart-beta and energy-focused products included in the blitz, the launches are almost a microcosm of the range of offerings launched this year so far.
Deutsche Bank launched six new currency-hedged equity funds, all but one of them tracking an MSCI index.
The five MSCI-based funds each carry expense ratios of 0.45 percent and include the following:
- Deutsche X-trackers MSCI Australia Hedged Equity ETF (DBAU)
- Deutsche X-trackers MSCI EAFE Small-Cap Hedged Equity ETF (DBES)
- Deutsche X-trackers MSCI Italy Hedged Equity ETF (DBIT)
- Deutsche X-trackers MSCI Southern Europe Hedged Equity ETF (DBSE)
- Deutsche X-trackers MSCI Spain Hedged Equity ETF (DBSP)
While Deutsche Bank does not have unhedged versions of those five funds, the sixth fund, the Deutsche X-trackers Japan JPX-Nikkei 400 Hedged Equity ETF (JPNH), complements the existing Deutsche X-trackers Japan JPX Nikkei 400 Equity ETF (JPN). JPNH charges 0.45 percent, versus 0.40 percent for JPN.
Direxion debuted four inverse and leveraged ETFs covering two areas of perpetual interest to investors: homebuilders and banks. The funds are as follows:
- Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL)
- Direxion Daily Homebuilders & Supplies Bear 3X Shares (CLAW)
- Direxion Daily Regional Banks Bull 3X Shares (DPST)
- Direxion Daily Regional Banks Bear 3X Shares (WDRW)
All four ETFs come with a net expense ratio of 0.95 percent.